• Monday, June 24, 2024
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Skye Bank’s new GMD explains CBN action, assures customers of safety of funds


The new Group Managing Director/Chief Executive Officer of Skye Bank, Tokunbo Abiru, has affirmed  the Central Bank of Nigeria’s (CBN) statement that Skye Bank remains healthy and strong.

Abiru who spoke after taking over from his predecessor, Timothy Oguntayo, said that the bank’s fundamentals remain strong and virile, assuring customers and other stakeholders of the safety of their funds and investments.

The new Skye Bank boss said his team would leverage on the bank’s reputable information technology platform to make it not just a frontline retail and commercial bank, but an industry leader.

Outlining his vision for the bank, Abiru said his team would harness the expertise and skill sets of the bank’s employees and the reconstituted board to take the bank to new and higher heights.

He noted that being a systematically Important Bank (SIB) Skye Bank occupies a sensitive role in the financial life of Nigerians and West Africa.

The CBN had on Monday approved the reconstitution of the Board of Skye Bank Plc., with the apex bank appointing  M.K. Ahmad and Tokunbo

Abiru as the new chairman and managing director  of the bank respectively. Other members of the reconstituted board are Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu, all of whom were serving in executive director capacity in the bank prior to now.

The reconstitution of the board followed the voluntary resignation of the former Chairman, Tunde Ayeni and other non – executive directors of the bank, namely, Victor Odozi, Babajide Agbabiaka, Jason Fadeyi, Kunle Aluko, Victor Adenigbagbe, Abdul Bello and Amunna Lawan Ali.

In the same vein, Timothy Oguntayo resigned his position as Group Managing Director / CEO, alongside  Amaka Onwughalu, Dotun Adeniyi and  Ibiye Ekong, who resigned their positions as DMD, and

Executive Directors. All the resignations take immediate effect.

The former leadership of the bank voluntarily resigned their positions in order to pave the way for a new team to further the new strategic direction of the bank in the retail and commercial business space. In this wise, the challenge of accelerating growth in the new strategic

direction becomes more urgent and compelling, given the economic challenges in the global and domestic operating environment, and the attendant challenges.